consolidation loan
noun
a loan made in order to consolidate several debts into one loan, usually for the purpose of reducing the monthly payments by extending them over a longer time period.
Nearby words
consolidate, consolidated, consolidated fund, consolidated school, consolidation, consolidation loan, consolidator, consols, consolute, consommé, consonance
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
British Dictionary definitions for consolidation loan
consolidation loan
noun
a single loan which is taken out to pay off several separate existing loans
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
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